Wholly owned subsidiary of UAE-based Emaar properties PJSC & one of the largest foreign direct investors in Egypt's real estate sector with an investment portfolio of EGP 31.67 billion.
Emaar's expansion into Egypt is in line with the company's vision 2010 to become one of the most valuable companies in the world. Emaar has identified Egypt as a key market for growth & has announced four key projects:
EGP 12 billion Uptown Cairo a 4.5 million square metre multipurpose development in Mokattam at the heart of Cairo, featuring residential communities, office park, town center, educational facilities, shopping mall, golf course, etc....
EGP 9.92 billion Marassi, a 6.25 million square metre tourist & residential destination at El-Alamein, North Coast.
EGP 5.75 billion a residential community located at the fifth district New Cairo City.
EGP 4 billion a Cairo Gate, a commercial cum residential development on the Cairo/Alexandria desert road with largest outdoor shopping & entertainment.
On 02/2008, consolidated total residential gross sales value for both Marassi & uptown Cairo is EGP 3.72 billion.